Columbus Energy Resources Share Discussion Threads

[nexus7] 27/11/2017 21:36

From MrMagoo31 Today 20:38
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RE: Re Suffering

FROM THEIR Q&A on Columbus Website:
When will you provide a production update?
In line with best practice, the company publishes production updates quarterly via RNS. The company will therefore update the market by the end of this calendar year as previously announced.
It is highly unusual for companies to provide production updates more regularly.

[northpole2] 27/11/2017 17:22

Not sure about the jury being out, it's just you. LK led Taqa UK from 6 people to a $2.5bn value company with 3,000 personnel in 5 years. That is a fact. He didn't ramp that stock, just delivered on his promises leaving his shareholders very very happy apparently. Oh... and Taqa UK was very successful due to a successful waterflood campaign. Funny that...

[holly day] 27/11/2017 11:13

TG, well, Leo put the marker down. So, nothing short of a 'bang' and 'over achieve' will do!

[12bn] 27/11/2017 11:00

LK is very good at ramping but the jury is still out on the rest of his abilities,imo.

[northpole2] 27/11/2017 10:12

You clearly know absolutely nothing about waterflood 12bn. I suspect LK knows a bit more than you... watch out for those flying pigs too! Heading your way...

[holly day] 27/11/2017 10:05

Well, FWIW, imo, we are unlikely to see much drop from hereon in. Assuming news arrives before X-mas, we are entering the T20 window to around 23/24th Dec. It's how MM's play this and the timing of RNS. Good luck all.

[the guardian] 27/11/2017 10:04

Pity we haven't had an update. but later this week, we move into the final month of the calendar year. That means that Leo's Christmas gift to us all won't be too far away.

I will be disappointed if we don't make 10p on the news.

[nexus7] 27/11/2017 09:47

Our neighbour...

Venezuela Could Lose A Lot More Oil Production

After defaulting on debt, Venezuela’s crisis continues to unfold, threatening to worsen the state-owned oil company’s production...

[12bn] 27/11/2017 09:04

This has risen on hype from Koot and many others. Water-flood did not work for RRL on Trinidad and there is no guarantee that it will work for CERP. Given that it failed for RRL,who are now suspended, I think that the odds are it will fail,imo. Will CERP be profitable by this xmas,as some have claimed,NO imo,more chance of pigs growing wings and learning to fly. You lot of optimists in this should stock up on bacon! LOL

[nexus7] 25/11/2017 17:00

From wraith Fri 23:03
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12bn on ADVFN board

Columbus - AGM presentation Q&A
Leo Koot - Executive Chairman
Thu, 14 Sep 2017 02:40 pm (UK time)

"Water injection will work, Full Stop."
(from 16:14 into clip).

12bn on ADVFN board,..your question;- 'will waterflood work'?......is answered above, from 16:14 into clip.


BW

[nexus7] 25/11/2017 02:36

Russia-OPEC Agree on Framework to Extend Oil Cuts

→ Kremlin said to be willing to announce end-2018 deal on Nov 30
→ Various options still on the table, says Energy Minister Novak

OPEC and Russia have crafted the outline of a deal to extend their oil production cuts to the end of next year, although both sides are still hammering out crucial details, according to people involved in the conversations...

[arrynillson] 24/11/2017 16:22

12bn - not content with regularly getting basic facts that were in the public domain wrong, boasting you don't research CERP, not to mention the Stella advice to holders only weeks ago they sell at the low 2p level we now have your geological advice on water flood - it might not work cos there might be a mega plug hole down there!

Management of CERP are not saying water flood is without risk that's why they are running a pilot 12bn - it's what sensible people do. Water Flood is an established tool and has been used successfully in Trinidad historically.

[boilandgas] 24/11/2017 15:51

Many years ago under the previous regime, we bought Chinese pumps to reactivate about forty wells within Goudron that helped fund Mr Ritson's initial drilling.

Do we know if these are the same wells that Mr Koot is attempting to stimulate?

Do we still have a use for the pumps?

Hopefully someone has the ear of BoD and can find out, thanks

[nexus7] 24/11/2017 15:19

Putin Crowns Himself OPEC King

For more than half a century, Saudi Arabia’s oil minister could move markets with a few choice words about what OPEC may decide at its next meeting, generating millions if not billions of dollars of profit for insiders...

[northpole2] 24/11/2017 12:14

You keep saying that CERP is losing £4m pa. But that is based on historical numbers before major management changes and cost cutting took place. You can't say they are losing £4m when you simply don't know if that's true or not. You are simply guessing. And why is waterflood a speculative idea? It has been a proven process across the world for over 40 years so is not speculative. RRL took a totally different approach on a field totally different from CERP from a geological perspective. Like comparing chalk and cheese.

[12bn] 24/11/2017 11:04

Well,excuse the pun,it is a gamble with no certainty on the outcome imo. Cerp is still losing £4m p/a and its market cap is around £36m,a lot for a loss maker with a very speculative idea,one that failed for its neighbour RRL,very risky imo.

[offerman] 24/11/2017 09:51

Morning the GuardianTotally agree about point Number one.Think I said this to you once before when we first met that reading your posts is really weird like you synchronicity in that it's like I've written them because that's exactly what's in my head and quite often you have done that and then I want occasions I've written post that you've said it's what you are thinking tooSo yet again everything you've said there I completely agree with and I have seen this many many times over the years.If the open offer did not happen we might have stuck between seven and 8p then on more good news we could've consolidated up to 10 or 11p depending on the news of courseSo I completely understand also that the open offer put the brakes on whilst it allowed us to buy and cheaper but also reduced the chances of the share been higher in the short time hypothetically if the open offer had not happened. But then Schroders would not of been on board either so a bit of a catch 22 as that will allow for the accelerated work programCompletely agree with you though bud . I've seen it so many times before as well that the same Per p for example 2p rise would be better from 8 to 10p rather than 5 1/2 to 7 1/2p on any good newsMaybe though just maybe this might be different in that expectations are very high and if Alkay does deliver well we went from 2.7p and up to 8p and that wasn't on massive news really in the grand scheme of thingsyes in terms of LK but no in terms of figures for financials at the time more a case of excitement sentiment and also future prospectsSo if LK does deliver then I see no reason why the share price can't break with tradition and go up quite a lot over a period of a week on the day of the news and after. We went from 2.7 to 8p so we could go from 5 1/2 to 11 or 12p if the news is exceptional of course.If the news is mediocre and kind of what we are expecting which is still good news then expect the share price to probably go eight or 9p and like you said had we stayed home then we would've gone home but if the news has exceptional then why not we could get a really good hundred percent rise within the space of a week of any exceptional news.I think the important thing to look at is the market cap. Vs bopd outputSo work oversStimulationsWaterfloodBolt updatePlans for SWPPotential discussion about what lies beneath GoudronAll of the above I do expect to be spoken off during the next update presentation that LK does. I really truly believe that we will be about 15 p possibly as high as 18By August next year. Up tohundredpercent from where we are now

[northpole2] 24/11/2017 09:17

You are correct but one thing CERP now has is LK and SA who have between them around 40 years of waterflood experience across the world in numerous fields. They know what works and what doesn't and also understand the risks and I understand are adopting a totally different approach to that taken by RRL. The team has brought forward the waterflood campaign nearly by a year, significantly reduced the costs of implementation (to the $100ks, not $millions) and received regulatory approvals in Trinidad for the campaign in "record time". LK also noted at the AGM that they had already seen clear pressure communication between well 669 and 670 through the early waterflood tests, noting this had already reduced some concerns he may have previously had. That can be seen on the website I believe. The water clearly didn't disappear then and is surely a positive sign.

[greatfull dead] 24/11/2017 09:10

When we get the next RNS, CERP share price IMHO will rocket.

GLA,
GD

[12bn] 24/11/2017 07:53

The big question here is 'will waterflood work'? While no-one can be certain either way I would suggest that holders check out the API of the oil in the Goudron level. If my memory serves me right it was lighter than expected and this suggests that it migrated upwards from a reservoir of oil much deeper down. Now we know RRL tried water-flooding in Trinidad and failed,so could there be a link between the oil API and the failure of water-flooding for RRL? Could the water simply disappear down cracks and be useless in water-flooding for the oil in the Goudron level. This is a question that holders of this share should be asking.

[12bn] 24/11/2017 07:38

How do you know Cerp will be cash flow positive by the end of the year? At least I am suggesting that Cerps track record on profits will continue which,imo,is more likely than them suddenly jumping from a £4m p/a loss maker into a profitable company.